Bitcoin Price: The price of Bitcoin, the world's largest cryptocurrency by market value, has reached $1,00,000 for the first time in history. This is a huge milestone. A few weeks ago, Bitcoin crossed the $90,000 mark on November 12, after which today, i.e. on December 5, the cryptocurrency has touched the value of $1,00,000.

According to data from CoinMarketCap, the price of bitcoin has risen by more than 7 percent in the last 24 hours and crossed the $1 lakh mark. At 8:40 am, bitcoin reached $1,03,333.74. According to the data, the volume has increased by a massive 37 percent in the last 24 hours.

How much did the price increase this year

Bitcoin has doubled the money of investors in 2024. YTD (Year to Date) i.e. in the year 2024, the price of Bitcoin has increased by 138%.

Why did the price of Bitcoin rise?

US President Donald Trump has nominated crypto-supporter Paul Atkins to lead the US Securities and Exchange Commission (SEC). Due to this this rise in the prices of bitcoin has been seen. Last month i.e. in November itself, bitcoin reached the mark of $ 1,00,000.

This rise in Bitcoin prices reflects the expectation of more clarity regarding cryptocurrency regulation and a more crypto-friendly administration following Trump's election victory. Meanwhile, other cryptocurrencies such as Ethereum, Dogecoin, Polkadot, Tokencoin, and Sand quite have gained 6 to 8 percent in the last 24 hours, according to data from CoinMarketCap.